Verizon lists on both Nasdaq, NYSE

Verizon Communications Inc., the second-largest U.S. phone company, began listing its shares on the Nasdaq Global Select Market today in addition to the New York Stock Exchange to attract more investors.

Verizon, which previously was listed only on the NYSE, has pulled out of other exchanges as part of an overhaul of the markets where shares are available, spokesman Bob Varettoni said in an interview.

Verizon's Midwest headquarters is based in Schaumburg.

The company removed its shares from Frankfurt, Chicago, Amsterdam and its Swiss listing, leaving the stock for sale in London and the NYSE, Varettoni said. Chief Financial Officer John Killian said the move will open the stock to a broader range of investors. The New York-based company has 2.8 billion shares of common stock outstanding.

Walgreen Co., Allied Capital Corp. and Chicago Mercantile Exchange Holdings Inc. are among companies that dual list, according to Nasdaq’s Web site.

Verizon fell 17 cents to $29.69 at 12:40 p.m. in New York Stock Exchange composite trading. The shares had declined 9.9 percent this year before today.